What You Need to Know About Offering Multiple Health Plans
According to the Employer Health Benefits 2018 Annual Survey, 59 percent of covered workers are employed in a firm that offers more than one type of health insurance plan. Employers nationwide are realizing the positive impact that offering multiple health plans can...
Compliance ✔ 2019 Health FSA Limit
The IRS just announced the Health FSA limit for 2019. The amount increased $50 to $2,700. If an employer’s cafeteria plan document states that the contribution limit reflects the maximum allowable by the IRS, then no changes are necessary. However, if the...
Compliance ✔: HRAs to Reimburse Individual Health Premiums and Excepted Benefits
This week, the Departments (of the Treasury, HHS, and Labor) released proposed regulations that would greatly expand an employer’s ability to offer a Health Reimbursement Account (HRA). An HRA is a self-insured group health plan funded solely by employer contributions...
Compliance ✔: 2019 Open Enrollment Compliance Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after January 1, 2019. Employers should review their plan documents to confirm that...